Marriage of Lancashire
We agree with the trial court that the beneficial interest in the trust is community property. We also agree with the trial court that a valuation of a survivor's benefit in the trust need not be adjusted for income or estate taxes or for the possibility Husband may survive Wife. Nor did the trial court double the value of the Wife's survivorship benefit. Finally, the trial court did not abuse its discretion in valuing the survivorship benefit and ordering Wife to make an equalizing payment instead of some other disposition.
Comments on Marriage of Lancashire